UPDATED: The Great Strike Off

It would appear that Trevor Cartner and Joseph (Chris) Musgrave have a better perception of their future in Kent than their spokesman, Ray Mallon.

In the past few months, a number of their concerns have had applications for voluntary strike-off submitted. Whilst not all of these are linked to Manston Airport, and the reasons for strike-off are not suggested, it would appear that they are starting to focus their attention – hopefully away from our Airport.

Strannex Ltd

This company was used as a placeholder for the ‘Stone Hill Park’ name before the Manston Airport site was handed over to the regeneration specialists. It was listed for voluntary strike-off action last year, which was cancelled. But now it is planned for strike-off again, of which action should complete after 18th September 2017.

Update (09/10/17): Strannex Ltd was dissolved on 03 October 2017.

HUTC Ltd

The role this company plays is unclear, but its directors are Pauline Bradley and Trevor Cartner, and its shareholding is split between Cartner and Highland and Universal Investments Ltd (Pauline Bradley and Ann Gloag). It features in the joint venture agreement for the Flaxby Park project. Strike-off action should complete after 13th August 2017.

Update (09/10/17): Strike-off action is still pending.

Adriatic Property Ltd

We doubt this company is linked to Manston, more than likely, an attempt to start dealing in property in Eastern Europe. Trevor Cartner and one other listed as directors, with strike-off action due to complete after 25th September 2017.

Highland Global Transport Ltd

Of interesting note is this company, which has filed for Insolvency in Scotland. With Pauline Bradley and Ann Gloag as directors, this company is the ultimate parent for all the operation surrounding Manston Airport, holding 100% of the shares in both Manston Skyport Ltd and Highland & Universal Land Ltd. With this in mind, the sale of these shares will inevitably now form part of a liquidation package as part of the insolvency process, so we could potentially see new proxy owners of the concern. We wait to see what happens with this…

Update (09/10/17): Highland Global Transport Limited have transferred their shareholding in Manston Skyport Ltd to another of Ann Gloag’s investment vehicles, Gloag Investments Group Limited. No action has yet been reported on the shareholding in Highland & Universal Land Ltd.

Legacy Real Estate Ltd

This company, directed by Cartner and Musgrave, had links to the Flaxby Park joint venture agreement. Only incorporated in 2015, it was dissolved on 2nd May 2017.

and one to keep an eye on…

Bambino Land Trust. Not a registered company, but has visible links to both Flaxby Park and Invicta Asset Management Ltd (which is an 80% shareholder in Stone Hill Park Ltd). Corporate land trusts are often set up, at least according to Wikipedia, “to compile large tracts of land without arousing suspicion or alerting people to their plans (which would cause the asking price to rise)”.